World Bank Boosts Climate Adaptation Funding, Prioritizing Vulnerable Nations
Climate adaptation finance is becoming a bigger focus for institutions like the World Bank. They are aiming to provide more money for helping countries deal with the effects of climate change, especially in poorer nations. Data from World Bank projects show that funding for adaptation has increased in recent years, with more money going to countries that are most vulnerable to climate change. However, the funding is not necessarily going to the poorest countries. The findings suggest that there is a shift towards more support for adaptation, but there is still work to be done to ensure that the most vulnerable nations receive the necessary funding.